Commodities: Oil and gold weaken
Oil and gold futures were driven lower Tuesday as the dollar rose.
US light crude oil for May delivery fell 59 cents to settle at $108.50 a barrel on the New York Mercantile Exchange as profit takers moved in after oil's recent rally.
However oil's decline was capped by concern about Iran's announcement that it has started to install testing equipment at a uranium enrichment plant.
There are fears that tensions between the West and Iran, a key oil producing nation, could affect Middle East oil exports.
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The UN has already placed sanctions on Iran relating to its nuclear programme.
Among precious metals COMEX gold for June delivery fell $8.30 to $918.50 an ounce. Gold lost momentum from the previous day's rally as the dollar recovered against the euro Tuesday.
May silver futures slipped 41 cents to $17.71 an ounce and July platinum declined $17.30 to $2,029.60 an ounce.
June palladium was down 25 cents at $457.40 an ounce while May copper declined 9 cents to $3.89 a pound.
